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Education, Health Expenditure and the Quality of Life in Nigeria

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  • Ifunanyachukwu N.
  • Risikat O. S. Dauda

Abstract

This paper investigates the direct impact of education and health expenditure on the quality of life in Nigeria for the period of 1980 till 2017. Evidently, empirical studies exist that suggests that government investments on education and health on the long-run, translates to economic growth. In line with the foregoing, this study focuses on the role which effective government expenditures in health and education play on the enhancement of the citizenry quality of life. Meanwhile, the study used a world development indicator (WDI) data and as well employs Autoregressive Distributed Lag Model estimation technique. However, the study discovered that health expenditure is effective in the long-run to stimulate growth on the per capita income; this means more funds should be allocated to the sector. Furthermore, education expenditure has a negative relationship with per capita income and is not significant; this implies that government education expenditure cannot translate into enhanced quality of life. Based on the foregoing, this study’s policy implication is that the Nigerian government should restructure and allocate more fund to education and health expenditure in its annual budget.

Suggested Citation

  • Ifunanyachukwu N. & Risikat O. S. Dauda, 2019. "Education, Health Expenditure and the Quality of Life in Nigeria," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(4), pages 94-102, December.
    • Handle: RePEc:khe:scajes:v:5:y:2019:i:4:p:94-102
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    References listed on IDEAS

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    1. Tauhidur Rahman, 2008. "Determinants of public health expenditure: some evidence from Indian states," Applied Economics Letters, Taylor & Francis Journals, vol. 15(11), pages 853-857.
    2. John Anyanwu & Andrew E. O. Erhijakpor, 2007. "Working Paper 92 - Education Expenditures and School Enrolment in Africa: Illustrations from Nigeria and Other SANE Countries," Working Paper Series 227, African Development Bank.
    3. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    4. Matthew Oluwatoyin A. & Adegboye Folasade B. & Fasina Fagbeminiyi F., 2015. "Public Health Expenditure and Health Outcomes in Nigeria," International Journal of Financial Economics, Research Academy of Social Sciences, vol. 4(1), pages 45-56.
    5. Edame Greg Ekpung, 2014. "Trends Analysis of Public Expenditure on Infrastructure and Economic Growth in Nigeria," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 4(4), pages 480-491.
    6. Boachie, Micheal Kofi & Ramu, K., 2015. "Public Health Expenditure and Health Status in Ghana," MPRA Paper 66371, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Quality of life; Per Capita Income; education expenditure; health expenditure; Autoregressive Distributed Lag Model (ARDL);
    All these keywords.

    JEL classification:

    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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